If you keep track of your mileage driven for the rental then multiply that by the business mileage rate (2016 0.545 cents per mile) to get your total automobile expense related to the rental.

To me, she didnt tell you ANYTHING that would make me feel like it was her giving you an inside track. 

It keeps everyone on track and because things happen-sickness, vacations,retirement, quitting and more. 

They are really good at both real estate and our company taxes and we have learned about many deductions as well as how to track everything in QuickBooks. 

So, I was off to track down some money on his behalf.So, I approached a private lender of mine who had some idle cash that I have not been able to put to work for a month or so (don't ask!)

Hey @Michelle Mayer, I'd say you're on the right track with the 1031.  

I think you'll be able to find opportunities through most of the midwest that will perform similar to or better than Birmingham, so I'd say you're on track.

It's closely tracked here :)I am sure you will have no problem covering your costs just doing your own deals!

With a sub-meter ( a meter you have installed on the property side of the provider's meter) you can track usage of each unit, and know EXACTLY how to bill a property.

We all know which train is on the tracks currently.Many people are currently paying much higher prices for flips than they ever had to pay before.